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A bank acts as a financial institution that takes deposits, lends money, and provides various services to society. |
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Fill in the blank: The maturity value of a Recurring Deposit Account includes all deposits made every month plus the ___ earned on it. |
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True or False: The maturity period for a Recurring Deposit Account can range from 1 month to 5 years. |
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Riddle: I am a financial institution that takes deposits and gives loans, but I am not a tree. What am I? |
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The specified amount that a depositor chooses to deposit every month in an R.D. Account is known as ___? |
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How does the maturity value of a Recurring Deposit Account benefit the depositor? |
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It provides a lump sum amount at the end of the maturity period, which includes the total deposits made and the interest accrued. |
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Riddle: I am a service that lets you send money from one account to another. What am I? |
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Riddle: I am the final amount received, a combination of deposits and interest. What am I? |
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Fill in the blank: Banks provide ______ to keep jewellery, documents, and valuables safe. |
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